Selective Insurance Group Inc expected to post earnings of $1.59 a share - Earnings Preview

Selective Insurance

02/05/2023 03:05

* Selective Insurance Group Inc  SIGI.OQ   SIGI.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 3. 
    * The Branchville New Jersey-based  company is expected to
report 
a 9.6% increase in revenue to $974.95 million from $889.8
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Selective Insurance
Group
Inc is for earnings of $1.59 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Selective
Insurance Group Inc is $101​, above​ its last closing price
of $97.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.46        1.46       1.46      Met     -0.2
 Sep. 30 2022  1.18        1.17       0.99      Missed  -15.4
 Jun. 30 2022  1.17        1.23       1.17      Missed  -5.1​
 Mar. 31 2022  1.45        1.47       1.41      Missed  -4
 ​​Dec.        1.42        1.41       1.56      Beat    10.3
 31 2021                                                
 Sep. 30 2021  0.96        1.01       1.18      Beat    16.3​
 Jun. 30 2021  1.21        1.25       1.85      Beat    47.5
 Mar. 31 2021  1.00        1.04       1.70      Beat    63.7
 This summary was machine generated May 2 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated